tl;dr
Japanese energy consulting firm Remixpoint raised about 31.5 billion yen ($215 million) to acquire Bitcoin, aiming to hold 3,000 BTC. The company plans further purchases based on its stock price and views Bitcoin as a way to enhance corporate value and strategic options. Remixpoint will pay its CEO ...
Japanese energy consulting firm Remixpoint has successfully raised approximately 31.5 billion yen, equivalent to around $215 million, through financing aimed exclusively at acquiring Bitcoin. The company’s goal is to hold 3,000 BTC in the near future, although it cautioned that volatility in cryptocurrency prices and its own stock market value could impact this plan.
Remixpoint intends to make additional Bitcoin purchases based on the average price of its stock over three consecutive trading days following the initial acquisition. The company emphasized that extensive internal discussions led to a unanimous board decision recognizing Bitcoin’s potential to enhance corporate value by balancing risk and return while expanding strategic options.
Highlighting a commitment to alignment with shareholders, Remixpoint announced it will pay its President and CEO, Yoshihiko Takahashi, his entire executive compensation in Bitcoin. This milestone makes it the first listed Japanese company to adopt such a practice, reflecting a strategy of “shareholder-oriented management.” This approach links executive incentives directly to Bitcoin’s performance, which often correlates with the company’s stock price, and addresses challenges stemming from insider trading restrictions that limit executives' ability to acquire company shares.
The move joins a wider trend among Japanese firms such as Gumi, Value Creation, Metaplanet, and SBC Medical, all incorporating Bitcoin into their financial strategies and balance sheets. On the international stage, Nasdaq-listed Semler Scientific recently acquired 187 BTC for $20 million via its at-the-market stock program, bringing its total Bitcoin holdings to 4,636 BTC. Semler’s Bitcoin assets are currently valued at approximately $502 million, generating a paper gain of roughly $72 million and positioning the company among the top 15 Bitcoin holders worldwide.
This wave of corporate Bitcoin accumulation underscores a growing acceptance of cryptocurrency as a treasury asset, reflecting broader shifts in corporate finance strategies and an evolving landscape where digital assets gradually become integral to business operations and shareholder value.